Brinker International Upgraded at Wunderlich (EAT)
Brinker International (NYSE:EAT) was upgraded by research analysts at Wunderlich from a “hold” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 price objective on the stock, up from their previous price objective of $52.00. Wunderlich’s price objective indicates a potential upside of 15.72% from the company’s current price.
Shares of Brinker International (NYSE:EAT) opened at 47.53 on Tuesday. Brinker International has a 1-year low of $38.40 and a 1-year high of $55.45. The stock’s 50-day moving average is $46.14 and its 200-day moving average is $49.55. The company has a market cap of $3.090 billion and a P/E ratio of 20.70.
Brinker International (NYSE:EAT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.38. The company had revenue of $758.73 million for the quarter, compared to the consensus estimate of $968.45 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that Brinker International will post $3.10 earnings per share for the current fiscal year.
In other Brinker International news, VP David R. Parsley unloaded 5,993 shares of Brinker International stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $46.72, for a total value of $279,992.96. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other firms have also recently commented on EAT. Analysts at Tigress Financial reiterated a “” rating on shares of Brinker International in a research note on Thursday, August 14th. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Brinker International in a research note on Monday, August 11th. They now have a $53.00 price target on the stock, down previously from $59.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Brinker International in a research note on Monday, August 11th. They now have a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.81.
Brinker International, Inc (NYSE:EAT) owns, develops, operates and franchises the Chili’s Grill & Bar (Chili’s) and Maggiano’s Little Italy (Maggiano’s) restaurant brands.
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